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AI brief of an SEC Form 8-K · OFG Bancorp (OFG)

OFG Bancorp Q1 diluted EPS rises to $1.05 from $0.96 a year earlier

Positive Impact 3 of 5 earnings Written later

OFG Bancorp reported first-quarter 2024 results for the period ended March 31, 2024. Diluted earnings per share were $1.05, up from $0.98 in the fourth quarter of 2023 and $0.96 in the first quarter of 2023, while total core revenues were $174.2 million, down from $175.6 million sequentially but up from $164.4 million a year earlier. The results show higher earnings per share year over year, although sequential revenue and pre-provision net revenues declined.

Key points

  • Diluted EPS was $1.05 versus $0.98 in 4Q23 and $0.96 in 1Q23.
  • Total core revenues were $174.2 million, compared with $175.6 million in 4Q23 and $164.4 million in 1Q23.
  • Pre-provision net revenues were $83.0 million, compared with $88.2 million in 4Q23 and $74.6 million in 1Q23.
  • Net charge-offs were $19.8 million, compared with $16.3 million in 4Q23 and $10.1 million in 1Q23.

The filing

CompanyOFG Bancorp (OFG)
Form8-K, current report
Filed with the SECApr 18, 2024, 8:34 AM ET
Accession number0001030469-24-000015

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 18, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.